Guideline Value for J R CASTLE TOWN

J R Castle Town guideline value

The current guideline value of J R Castle Town is Rs 1,400 per sq.ft, effective from 1 July 2024. This area is located in 5. Athipattu village under the Konnur SRO and is classified as Residential Class II Type - IV.

How the guideline value of J R Castle Town has changed

The guideline value for J R Castle Town has seen several revisions over the years. The 2017 revision recorded a guideline value of Rs 1,340 per sq.ft, which remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 1,400 per sq.ft, reflecting a 4% increase from the previous year.

Looking back further, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The overall change in guideline value from 2017 to 2024 is also +4%.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for J R Castle Town is below this median.

• J R Castle Town Phase -II: Rs 1,400 per sq.ft (2024)
• Jeswanth Nagar: Rs 4,400 per sq.ft (2024)
• Kalaivanar Nagar: Rs 2,200 per sq.ft (2024)
• Kalayanasundaram Street: Rs 2,200 per sq.ft (2024)
• Kalidasan Street(Chelliamman nagar): Rs 2,200 per sq.ft (2024)
• Kalyani Industrial Estate: Rs 3,601 per sq.ft (2024)

Stamp duty and registration fee for property in J R Castle Town

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, leading to a total of Rs 1,26,000. Please note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers J R Castle Town?

The Sub Registrar Office that covers J R Castle Town is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a crucial factor when registering property transactions in 5. Athipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property registration process.

When you buy or sell property in this area, the guideline value helps ensure that the transaction is recorded at a fair value, which is important for both the buyer and seller. It also assists in maintaining transparency in the real estate market.

Frequently asked questions

What is the current guideline value of J R Castle Town?

The current guideline value of J R Castle Town is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,340 per sq.ft in 2017 to Rs 1,400 per sq.ft in 2024, reflecting a 4% increase. There were no changes recorded for the years 2002, 2003, 2007, and 2012.

What are the guideline values of other streets in 5. Athipattu?

Other streets in 5. Athipattu have varying guideline values ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft.

How is stamp duty calculated for properties in J R Castle Town?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 98,000 based on the current guideline value.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Konnur Sub Registrar Office located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. More details can be found through the provided link.